Forum Discussion
briansue
Mar 03, 2016Explorer
Market 101, you have to be able to sell goods if you are to stay in business. This market manipulation can't last too much longer. If you are a manufacturer in the USA and you rely on selling to foreign companies and your dollar makes it so they cannot buy from you then I guess it doesn't matter how cheap your gas is. It's a double edger, this one....
Whether local or world economy - here are some facts. Much of the economy is based on consumer spending. People buy cars and houses and TVs and everything else that is manufactured - or any and all agricultural products. How do you sell to people who have very little money. Workers are consumers. The economy is built on consumers. Low pay means consumers can't buy - or as we have seen in recent years they default on their loans. If consumers can't buy then manufacturers have fewer consumers to sell to - which means fewer jobs and lower pay. Talk about a double edger - and around and around we go. Pay workers a decent wage and they can buy stuff. The more stuff they buy the more jobs are created. More jobs means more buyers. And the beat goes on. It all starts with better paying jobs.
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